MAR
24 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
"...it was Black Friday before Black Monday... watch this memorable clip from the legendary
Louis Rukeyser’s Wall Street Week from October 16, 1987... and focus on what
Marty Zweig had to say, and pour yourself a strong one as you do!"
See Chart:
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"Revisiting the February S&P
lows raises the risk of capitulation,
and thus of a more serious correction beyond the 10% decline seen
between January 26th and February 8th."
See Chart:
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"Central banks operate in collusion.
When the Fed signals it is raising rates, or markets over-react negatively to
the threat, another central bank steps in. By colluding, other central banks offer even more dark money-QE to
keep the party going..."
When fears arise
that central bank QE will recede on one side of the world, we see more volatility and rumors of hawkishness.
See Chart:
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Source: https://www.zerohedge.com/news/2018-03-24/nomi-prins-collusion-central-bank-money-rules-world
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"...Central Banks will
continue printing until the bond market takes away the keys... And even
when Central Banks are mildly responsible, politicians are sitting in the wings
waiting to spend at any chance they get."
If we keep running deficit at this rate, we will need to think about
what kind of debt burden we are going to leave. Keith Richards
I am going to break from regular market commentary to step
back and think about the big picture as it relates to debt and inflation. Let’s
call it philosophical Friday. But don’t worry, there will be no bearded left-wing
rants. This will definitely be a market-based exploration of the bigger forces
that affect our economy.
See Chart: Gross domestic product 1933-2013
Greek vs. US Stock Market
See chart:
Creating debt is inflationary, while paying down
debt is deflationary. That’s pretty basic.
Over the past
fifteen years, inflation in college tuition has exploded. It’s been absolutely
bonkers. Here is the chart of regular CPI versus
tuition CPI.
See Chart:
I can already hear the deflationistas argument - over 100% of GDP is unsustainable therefore credit growth
will at worst go sideways, but most likely actually contract in coming years.
Really? How about Japan?
See Chart:
I, on the other
hand, believe that Central Banks will continue printing
until, as my favourite West Coast skeptic Bill Fleckenstein says, “the bond
market takes away the keys.” And even when Central Banks are mildly
responsible, politicians are sitting in the wings waiting to spend at any
chance they get. Take Trump’s
recent stimulus program. We are now more than eight years into an economic
recovery, and he just pushed through one of the most stimulative fiscal
policies of the past couple of decades. Regardless of
where you stand politically regarding these tax cuts, there can be no denying
they were much more needed in 2008 than today.
This is a long-winded way of saying that although I agree that the creation of debt is inflationary,
and that the destruction of debt is deflationary,
I don’t buy the argument that any sort of absolute amount of debt means the trend has to change. I don’t look at the 100%
debt-to-GDP figure and worry that the US government will somehow institute
deflationary policies to pay that back. Nope, I don’t see anything but a sea of growing deficits and
debts. And in fact, the larger debts grow, the less likely they are to be paid
back.
How will Japan pay back their
debt that is 230% of GDP? The answer is that they can’t. It will be inflated
away.
It’s foolish to believe that the end-game is
anything but inflation. And even though increasing debt seems scary, if there
is one thing that I am sure of, it’s that they will figure out a way to make
even more of it.
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"Our parents don’t know
how to use a f---ing democracy, so we have to..."
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"Anyone who thinks democracy doesn’t matter
may be in for a rude shock later this year, when we know the result of America’s
mid-term elections. The Deep
State is on course to take control of Congress..."
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Fake Veto: Drudge Report:
“I will
never sign another bill like this again”
- YEAH, BECAUSE YOU’LL BE IMPEACHED.
- YEAH, BECAUSE YOU’LL BE IMPEACHED.
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Apparently, the age of the
old-fashioned spook is in decline... What
is emerging instead is an obscure world of mysterious boutique companies specializing in data
analysis and online influence that contract with government agencies...
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WORLD ISSUES and M-East
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
For the first time, Lebanon-based Al-Mayadeen TV released new dramatic footage showing
Israeli forces using a weaponized unmanned aerial vehicle (UAV) against a Hamas
rally in the Gaza Strip, according
to the Times
of Israel.
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In case you miss it:
"I
learned that Chinese govt is determined to strike back. China's retaliation lists against the 301 investigation will target US
products worth $ tens of billions. It is in the making."
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"You didn’t really need
LIBOR-OIS to suggest global dollar conditions are escalating the wrong way. There was repo and collateral (including
gold) in September.. Cross currency basis in December... Stock market
liquidations sweeping across the globe in January...
And now this. The one common trend
through all of that was HKD."
You didn’t
really need LIBOR-OIS to suggest global dollar conditions are escalating the
wrong way.
There was repo and collateral (including gold) in September..
Cross currency basis in December...
Stock market liquidations sweeping across the globe in January...
And now
this.
The one
common trend through all of that was HKD.
See Chart”
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
RELATED:
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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PRESS TV
Global situation described by Iranian observers..
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